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The rupee on Tuesday opened almost flat at 68.54 against the US dollar as the country’s exports entered the negative zone, after a gap of eight months, recording a decline of 9.71 per cent to $25.01 billion in June.

Imports also declined 9 per cent to $40.29 billion in June, mainly due to falling prices of petroleum products, leaving a trade deficit of $15.28 billion. The trade deficit number stood at $16.6 billion in June last year.

Exports were down on account of fall in shipments of gems and jewellery, engineering goods, petroleum products, plastic, handicrafts, ready-made garments of all textiles, chemicals, leather, and marine products, oil meals and oil seeds, according to PTI.

The local currency on Monday advanced 15 paise to settle at 68.54 against the greenback, tracking gains in domestic equities and weakness in the greenback overseas.

The dollar rose marginally against its major crosses ahead of the important retail sales number that will be released today. The expectation is that the number could come in better-than-previous month and could extend gains for the greenback.